Ovintiv (OVV) Tax Rate (2018 - 2026)
Ovintiv (OVV) posted quarterly Tax Rate of 15.4% for Q2 2026, down 766.0% year-over-year from 2.31% in Q2 2025, and down 35.36% quarter-over-quarter from 23.82% in Q1 2026.
Ovintiv (OVV) Tax Rate (2018 - 2026) Analysis & Trends
Ovintiv's Tax Rate history runs 9 years deep, the most recent figure standing at 15.4% for Q2 2026.
- In Q2 2026, Tax Rate fell 766.0% year-over-year to 15.4%; the TTM figure through Jun 2026 stood at 89.32% (down 11119.0% YoY), while the FY2025 annual figure was 38.85%, down 5558.0% from the prior year.
- Tax Rate for Q2 2026 stood at 15.4%, down from 23.82% in the prior quarter.
- The five-year high for Tax Rate was 40.59% in Q4 2024, with the low at 70.26% in Q4 2025.
- The 5-year median for Tax Rate is 18.16% (2023), against an average of 9.09%.
- The sharpest annual moves came in 2022 and 2025: Tax Rate soared 13436 bps in 2022, then plunged 11085 bps in 2025.
- Ovintiv's Tax Rate stood at 20.27% in 2022, then jumped by 198 bps to 19.78% in 2023, then surged by 105 bps to 40.59% in 2024, then plunged by 273 bps to 70.26% in 2025, then jumped by 122 bps to 15.4% in 2026.
- Business Quant data shows OVV's Tax Rate at 15.4% in Q2 2026, 23.82% in Q1 2026, and 70.26% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 35.37% |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 18.22% |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 22.15% |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 22.01% |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 22.36% |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | - |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 23.37% |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 23.18% |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | 20.53% |
| 10 | Ovintiv | 18.69 Bn | 17.80 Bn | 2.83 Bn | 15.40% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 15.40% |
| Jun 30, 2026 | 15.40% |
| Jun 30, 2026 | 15.40% |
| Mar 31, 2026 | 23.82% |
| Mar 31, 2026 | 23.82% |
| Mar 31, 2026 | 23.82% |
| Dec 31, 2025 | -70.26% |
| Dec 31, 2025 | -70.26% |
| Dec 31, 2025 | -70.26% |
| Sep 30, 2025 | 22.92% |
| Sep 30, 2025 | 22.92% |
| Sep 30, 2025 | 22.92% |
| Jun 30, 2025 | 23.06% |
| Jun 30, 2025 | 23.06% |
| Jun 30, 2025 | 23.06% |
| Mar 31, 2025 | -22.28% |
| Mar 31, 2025 | -22.28% |
| Mar 31, 2025 | -22.28% |
| Dec 31, 2024 | 40.59% |
| Dec 31, 2024 | 40.59% |